Responsibilities
- Profitably manage a SOFR options portfolio with full responsibility for P&L and dynamic risk management within prescribed limits
- Make two-sided markets across the SOFR options complex (SR3, S0, S2), maintaining disciplined risk across the curve
- Develop and refine volatility surface models, term structure analysis, and hedging strategies in close collaboration with our quant and technology teams
- Identify structural opportunities and flow-driven inefficiencies in the short-end rates market and act on them decisively
- Partner with our technology team to evaluate, improve, and expand the automated trading infrastructure underpinning the desk – including contributing directly to strategy logic, parameter optimization, and signal development
- Analyze desk data and market microstructure to continuously improve pricing, execution quality, and risk-adjusted returns
- Contribute to the broader Akuna trading community through cross-desk collaboration, knowledge sharing, and mentorship of junior traders
Requirements
- 2+ years of experience trading SOFR, Eurodollar, or short-term interest rate options in an electronic market making environment, with clear P&L accountability
- Deep understanding of options theory – Greeks, vol surface construction, term structure dynamics, and interest rate curve relationships
- Proven risk management discipline: comfortable managing positions under pressure and across varied market regimes
- Entrepreneurial self-starter who takes initiative and acts decisively, with a strong sense of ownership over their book and their desk’s performance
- Technically engaged: able to analyze data, optimize parameters, and work hands-on with trading systems.
- Bachelor’s degree in Engineering, Economics, Statistics, Mathematics, Computer Science, Actuarial Science, or a related quantitative field
- Strong quantitative and analytical instincts, with the ability to react quickly and accurately to rapidly changing market conditions
- Collaborative mindset: able to communicate clearly and efficiently with quant researchers, technologists, and risk managers while fostering productive relationships across the firm
- Detail-oriented and rigorous in approach, with a drive to continuously learn and improve
- The ability to react quickly and accurately to rapidly changing market conditions, including the ability to quickly and accurately respond and/or solve math and coding problems are essential functions of the role
Nice to Have
- Specific experience with CME SR3 market microstructure and electronic liquidity provision
- Familiarity with swap curve dynamics, OIS, Fed Funds, or broader fixed income context
- Experience building or improving trading tools, pricing models, or automation in Python, C++, or similar
- Track record of mentorship
Work Arrangement
Remote (City/Region) — Chicago, Sydney, Shanghai, London, Singapore
Additional Information
- This role is eligible for a discretionary performance bonus as part of the total compensation package
- Includes a comprehensive benefits package that may encompass employer-paid medical, dental, vision, retirement contributions, paid time off, and other benefits
